Loan Write-Offs Explained: ₹12 Lakh Crore Loss Decoded | Know all about it | Economy | by safeer

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Over the past decade, Indian banks have written off a staggering ₹12 lakh crore in loans, sparking debates about the health of the banking sector and loan recovery mechanisms. But what does a loan write-off actually mean? Does it imply the money is forever lost, or is there more to the story?

In this video, we simplify the complexities of loan write-offs, NPAs, and their impact on public and private sector banks. Key highlights include:

What is a loan write-off? Understanding the difference between write-offs and waivers.
The extent of the issue: ₹12 lakh crore written off between 2014-15 and 2023-24, with public sector banks leading the numbers.
SBI and PNB losses: How major players like State Bank of India and Punjab National Bank have been affected.
NPA role: The classification and impact of Non-Performing Assets in the banking sector.
Recovery mechanisms: Efforts through the Insolvency and Bankruptcy Code (IBC) and Debt Recovery Tribunals, and why recovery rates remain low.
While write-offs help banks maintain financial stability and clean balance sheets, they underscore the urgent need for better risk management and transparency. With public sector banks seeing a drop in NPAs to 3.16% in 2023-24 and reporting record profits, are we seeing a shift toward financial recovery?

If you want to understand the real story behind these numbers, this video is a must-watch. Like, share, and subscribe for in-depth insights into India’s banking challenges and reforms. Share your thoughts in the comments—should more be done to ensure accountability in the banking system?

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